US-based auto and personal lines distributor Confie has acquired Houston, Texas-based TGS Insurance Agency, a provider specialising in standard personal lines insurance. The deal was closed earlier this month and its financial terms have not been disclosed. The acquisition is intended to expand InsureOne’s capabilities as a national platform for standard personal lines and small commercial customers. InsureOne was formed in 2019 through the consolidation of Confie’s standard personal lines and commerci ...

Core Insights - Private auto insurers in the US are experiencing significant benefits from earned-in rate increases, leading to record premium levels in the second quarter [2] - Direct premiums written (DPW) reached $90.34 billion, marking the highest second-quarter total on record [2]